Podcast: SCOTUS and insider trading

On October 5, the Supreme Court heard oral arguments in Salman v. United States, a case that could offer additional legal clarity on what constitutes insider trading. For our latest podcast, we spoke to a trio of experts at law firm Holwell Shuster & Goldberg who have closely followed the case.

Joining us were former Southern District of New York Judge Richard Holwell, a founding partner of the firm; Daniel Sullivan, an associate with the firm, served as a law clerk to Supreme Court Justice Antonin Scalia during October Term 2009; and James McGuire, a firm partner, who previously served the state of New York as an appellate judge and trial court judge.

We spoke to them about the case, what it means for enforcement efforts by the Securities and Exchange Commission, and what the late Justice Scalia, a longtime advocate for insider trading clarity and a skeptic of the SEC’s approach, might have made of the case.